A bank has the following balance sheet: Assets Avg. Rate Liabilities/Equity Avg. Rate Rate sensitive $550,000 7.75% Rate sensitive $575,000 6.25% Fixed rate 755,000 8.75 Fixed rate 605,000 7.50 Nonearning 265,000 Nonpaying 390,000 Total $1,570,000 Total $1,570,000 Suppose interest rates fall such that the average yield on rate-sensitive assets decreases by 15 basis points and the average yield on rate-sensitive liabilities decreases by 5 basis points.

Calculate the banks CGAP.

a. -$25,000

b. -$20,000

c. $20,000

d. $25,000